"Banks are coming back" into the restaurant M&A game, declared Roger Matthews, who heads up retail investment banking at BofA Securities, after sitting out since March when pandemic-related lockdowns began. Expert panelists discussed the restaurant deal-making outlook for 2021 on the first day of Restaurant Finance Week, presented by Franchise Times and the Restaurant Finance Monitor.
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Greg Flynn told Franchise Times there were many things that made his Arby's acquisition a good deal, but five key things made the large, complex deal worth taking on.
Private equity firm Oak Hill Capital Partners bought Checkers & Rally's Restaurant Inc from Sentinel Capital Partners for $525 million.